Nigeria’s Foremost University Launches Innovative Project

Nigeria’s Foremost University Launches Innovative Project

The University of Lagos has launched an innovative project in conjunction with UKAID’s Research and Innovation System for Africa

The innovative project tagged 12M is designed to grow innovations at various stages, through training, incubation, patenting company, mentorship, advisory, industry linkage and tax registration which would help commercialism researches that solve societal problems.

With an inclusive goal, the project will encompass innovations from women, young persons and people with disability.

Unilag’s Vice-chancellor, Prof. Folasade Ogunsola, in her address at the launch held at the Faculty of Social Sciences auditorium, said in a world driven by constant change and technological advancements, innovation becomes the key to success for individuals, businesses, and entire economies.

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She explained that innovation is the lifeblood that fuels growth, creates jobs, and improves the quality of life for people around the globe.

Ogunsola, however, lamented that despite the abundance of brilliant ideas, many innovators face significant hurdles when it comes to turning their concepts into viable commercial ventures.

“One of the critical strengths of I2M lies in its holistic approach. It takes into account the multifaceted nature of innovation, recognising that success requires more than just a brilliant idea. Through this programme, participants will have access to a wide range of services, which will empower innovators to navigate the complex journey from ideation to market launch.

“By encouraging participants to develop solutions that align with the United Nations Sustainable Development Goals (SDGs) and the nation’s challenges, this programme paves the way for innovations that not only drive economic growth but also contribute to a more equitable and sustainable future”.

The Vice chancellor, Prof. Folasade Ogunsola, in his address at the launch held at the Faculty of Social Sciences auditorium, said in a world driven by constant change and technological advancements, innovation becomes the key to success for individuals, businesses, and entire economies.

Ogunsola noted that innovation is the lifeblood that fuels growth, creates jobs, and improves the quality of life for people around the globe. The VC, however, lamented that despite the abundance of brilliant ideas, many innovators face significant hurdles when it comes to turning their concepts into viable commercial ventures.

“One of the critical strengths of I2M lies in its holistic approach. It takes into account the multifaceted nature of innovation, recognising that success requires more than just a brilliant idea. Through this programme, participants will have access to a wide range of services, which will empower innovators to navigate the complex journey from ideation to market launch.

“By encouraging participants to develop solutions that align with the United Nations Sustainable Development Goals (SDGs) and the nation’s challenges, this programme paves the way for innovations that not only drive economic growth but also contribute to a more equitable and sustainable future,” Ogunsola stated.

She expressed hope that the project would be a catalyst for change, unlocking the potential of countless innovators, revolutionising industries and making Nigeria a net-producing economy.

The country manager of RISA, Alice Omisere, said “The initiative would bridge the knowledge gap by providing robust learning resources on how to innovate and translate research outputs into the market.”

According to her, the project would also bridge the access gap by making resources, equipment and facilities required to make innovations market ready.